How can you align two benefit plans but keep the two companies as separate entities?
A client recently acquired a new company and needed program consistency across their separate benefits plans and reduced costs for both organizations.
The Accompass touch
We were able to harmonize our client’s benefits plans for a number of different offerings while still keeping each company’s plan independent. We also took the opportunity to streamline some financial aspects of their plans, while maintaining different designs so that each company’s plan continued to fit the unique needs of their differing employee population.
Now our client maintains an independent service offering for each of their companies while still enjoying the benefits of a simplified vendor management process. Because of this they’ve also seen considerable financial savings while ensuring their experience at each company still meets the needs of their greatest asset – their employees.